Bitwise Asset Management has taken a major step towards launching an Aptos-focused exchange-traded fund (ETF) by registering an Aptos ETF entity in Delaware. The filing, submitted on February 25 to the Delaware Division of Corporations, signals the company’s intention to introduce a spot ETF centered on the layer-1 cryptocurrency Aptos. While this move does not guarantee immediate approval, it is an important part of the regulatory process.

A Blockchain Researcher wrote on X, “According to official documents, the BITWISE APTOS ETF has been registered in Delaware, USA! Earlier, several APTOS ETPs were launched in Europe, including Bitwise Aptos Staking ETP and 21Shares Aptos Staking ETP.”

The next crucial phase involves submitting a formal application to the U.S. Securities and Exchange Commission (SEC). This application will include a comprehensive prospectus detailing the ETF’s structure, investment strategy, and how it plans to track the performance of the Aptos blockchain.

This filing comes at a time when regulatory sentiment toward cryptocurrency is shifting, especially under new leadership. The news of the filing has had an impressive effect on the price of Aptos (APT), which surged by 12% following the announcement. APT hit a high of $6.31 in the last 24 hours before hitting a reverse. The token, along with Bitcoin and other coins, is currently experiencing a bearish dip. 

Bitwise has already made waves in the crypto ETF market, having filed for several crypto-related ETFs in the past, including a push for the XRP ETF. If successful, the Aptos ETF could pave the way for further altcoin ETFs, offering investors new ways to diversify their portfolios with digital assets.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed